Top 5 Smartest Companies To Buy According To Hedge Funds

In this piece, we will take a look at the top five smartest companies to buy according to hedge funds. For more companies and methodology of this article, head on over to Top 25 Smartest Companies To Buy According To Hedge Funds.

5. Apple Inc. (NASDAQ:AAPL)

Hedge Fund Investors as of Q3 2022: 150

Apple Inc. (NASDAQ:AAPL) is the largest consumer technology company in the world. It earns more revenue than some of the largest oil companies in the world, and sells different gadgets such as smartphones, tablets, and notebooks. Additionally, it also has a services portfolio of streaming platforms and financial payments.

Insider Monkey studied 920 hedge fund holdings for the third quarter of last year, to discover that 150 had held a stake in the company.

Warren Buffett’s Berkshire Hathaway is Apple Inc. (NASDAQ:AAPL)’s largest shareholder with a massive $123 billion stake that comes via 894 million shares.

4. Meta Platforms, Inc. (NASDAQ:META)

Hedge Fund Investors as of Q3 2022: 177

Meta Platforms, Inc. (NASDAQ:META) is one of the largest social media conglomerates in the world. It owns social media networks Facebook and Instagram as well as WhatsApp, a voice over internet protocol (VOIP) messaging platform. The firm is based in Menlo Park, California.

Meta Platforms, Inc. (NASDAQ:META) has bled market value recently, as its shares are down by nearly 50% over the past 12 months. Despite this, 177 of the 920 hedge funds polled by Insider Monkey had held a stake in the company in Q3 2022.

Meta Platforms, Inc. (NASDAQ:META)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 11 million shares that are worth $1.6 billion.

3. Alphabet Inc. (NASDAQ:GOOG)

Hedge Fund Investors as of Q3 2022: 196

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies on the planet. Known mostly for its search engine Google, the firm also has a strong footing in several high technology industries such as cloud computing and artificial intelligence.

Alphabet Inc. (NASDAQ:GOOG) has been making the news lately due to its decision of laying off 12,000 employees. 196 of the 920 hedge funds tracked by Insider Monkey had bought the firm’s shares in 2022’s third quarter.

Out of these, Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOG)’s largest shareholder with a $5 billion stake courtesy of 52 million shares.

2. Microsoft Corporation (NASDAQ:MSFT)

Hedge Fund Investors as of Q3 2022: 269

Microsoft Corporation (NASDAQ:MSFT) is another large technology firm, that is also at the heart of Silicon Valley. The firm sells its operating system Windows, alongside other productivity and cloud computing products.

Insider Monkey analyzed 920 hedge fund portfolios to discover that 269 had invested in Microsoft Corporation (NASDAQ:MSFT) during Q3 2022.

Microsoft Corporation (NASDAQ:MSFT)’s largest investor is Michael Larson’s Bill & Melinda Gates Foundation Trust which owns 39 million shares that are worth $9 billion.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Hedge Fund Investors as of Q3 2022: 269

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer, and a firm that has evolved with the ages by developing a strong presence in rising industries such as cloud computing and satellite internet.

Amazon.com, Inc. (NASDAQ:AMZN) will soon start setting up its own satellite internet constellation Kuiper by using rockets developed by Jeff Bezos’ rocket company Blue Origin. 269 hedge funds out of the 920 polled by Insider Monkey owned a stake in the firm during 2022’s September quarter.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor. It owns 49 million shares that are worth $5.6 billion.

Disclosure: None. You can also take a peek at 13 Cash Rich Penny Stocks That Hedge Funds Are Buying and 12 Best Holding Company Stocks To Invest In.

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